Edgestream Partners L.P. Sells 29,768 Shares of EOG Resources, Inc. $EOG

Edgestream Partners L.P. cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 33.2% during the first quarter, HoldingsChannel reports. The firm owned 59,906 shares of the energy exploration company’s stock after selling 29,768 shares during the quarter. Edgestream Partners L.P.’s holdings in EOG Resources were worth $8,661,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SJS Investment Consulting Inc. increased its position in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Financial Life Planners bought a new stake in EOG Resources in the first quarter worth $30,000. Acumen Wealth Advisors LLC bought a new stake in EOG Resources in the fourth quarter worth $25,000. Prosperity Bancshares Inc purchased a new position in EOG Resources during the fourth quarter worth $26,000. Finally, Global Assets Advisory LLC purchased a new position in EOG Resources during the first quarter worth $37,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

EOG stock opened at $145.89 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The business has a 50-day moving average price of $136.69 and a 200 day moving average price of $130.87. The company has a market capitalization of $77.70 billion, a P/E ratio of 14.36 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.87 EPS. As a group, equities research analysts forecast that EOG Resources, Inc. will post 16.16 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Analyst Ratings Changes

A number of research firms have weighed in on EOG. Jefferies Financial Group reiterated a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Raymond James Financial lowered their target price on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating for the company in a report on Monday, June 22nd. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wolfe Research upped their price target on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Finally, Scotiabank increased their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.32.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.